Bitcoin Tests $83K Support, Kraken Targets Infrastructure Play, Solana ETFs Pull Record $188M

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Welcome to Stock Market Today, your market briefing with actionable insights on stocks, bonds, crypto and the events moving markets. Let's get into it. Bitcoin is trading at $83,545 this morning, down 2% as geopolitical tensions and bond market pressure test critical support, the 83,000 level held overnight. But 30 million in AskLiquidity at 85,700 is blocking bulls from retesting the yearly open at 88,700. Derivatives show an unusual dynamic. Bitcoin futures open interest dropped to 652,000 coins, the lowest since March. But funding rates turned negative across major exchanges, meaning short sellers are paying longs despite Bitcoin coin posting a 40% Q3 gain. Risk off tone is driven by President Trump declining to rule and additional strikes on Iran before November midterms. WTI crew jumped near $95 and Treasury selling accelerated with the five-year yield up seven basis points to 5.06%.

October hike odds now stand at 70% ahead of Wednesday's PCE inflation data. Kraken parent Payward revealed its transformation from exchange to full financial infrastructure provider, spending $1.5 billion on NinjaTrader and $550 million on Bitnomial. 25 companies are building products on Payward services ahead of launches this year. Solana ETFs pulled a record $188 million last week. Bitwise's BSOL captured $128 million and now holds $1.2 billion. MicroStrategy added $1,665 Bitcoin coin for $143 million, bringing total holdings to 847,666 coins. California Governor Newsom signed a ban on public officials issuing meme coins. Targeting Trump's token that cost retail investors $3.8 billion, Franklin Templeton brought its tokenized collateral service to Bybit.

Key levels to watch. Bitcoin support at $82,580,500.

Resistance at $85,786,000.

Wednesday brings PCE inflation data. Friday delivers payrolls. That wraps your market intel. Trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot.io.